Global Electric Boiler Market Expected to Reach USD 29.3 Billion by 2036

The global electric boiler market was worth USD 10.78 billion in 2025 and is expected to grow to around USD 29.3 billion by 2036, with a compound annual growth rate (CAGR) of 9.5% between 2026 and 2036. This growth is mainly being fueled by the rapid shift toward cleaner industrial and commercial heating systems and the rising use of Power-to-Heat (P2H) solutions around the world.

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Electric boilers are becoming more popular as governments roll out tighter carbon emission rules and pricing systems. Unlike heating systems that burn fossil fuels, electric boilers produce almost no emissions at the point of use and run very efficiently, making them attractive to industries looking to move away from combustion-based heating. They're also increasingly being used to soak up extra renewable electricity from wind and solar farms, which helps keep power grids stable and makes better use of clean energy.

The report shows that resistance boilers make up the biggest chunk of the market-around 60-65%-because they're affordable and widely used in commercial buildings and small-to-medium industrial settings. But high-voltage electrode boilers are expected to grow the fastest, thanks to their use in large district heating networks and projects aimed at electrifying heavy industry.

When it comes to size, electric boilers with capacities up to 1 MW are the most common right now, especially in commercial buildings and lighter industrial facilities. However, systems over 10 MW are projected to see the strongest growth, driven by large-scale district heating projects and applications that help balance electrical grids.

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The industrial sector is the biggest user of electric boilers, making up nearly 50-55% of total demand. They're being adopted heavily in food and beverage processing, chemical manufacturing, and pharmaceutical production. The commercial segment, especially district heating, is expected to grow fastest as cities push for electrification and expand heating infrastructure powered by renewable energy.

Looking at regions, Europe has the largest share of the global electric boiler market. This is due to aggressive policies aimed at cutting carbon emissions, plans to phase out natural gas, and well-developed district heating systems. Countries like Germany and Norway are at the forefront, investing in power-to-heat technology and using surplus renewable energy. North America accounts for about 20-25% of the market, pushed along by emission regulations and programs to replace old boilers, while Asia-Pacific is emerging as a fast-growing region thanks to industrial expansion and efforts to switch from coal to electricity in China and India.

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On the technology front, the market is seeing advances like smart controls, thermal energy storage, and high-voltage electrode systems. These innovations let electric boilers help with grid flexibility and respond to demand fluctuations. While challenges remain-particularly around electricity costs and the need for infrastructure upgrades-continued investment in district heating and renewable energy is expected to open up significant opportunities through 2036.

About the Report

The electric boiler market report provides a detailed analysis of market size, growth trends, product types, capacities, applications, regional outlooks, and key industry developments. The study evaluates the impact of decarbonization policies, power-to-heat adoption, and renewable energy integration on the global heating landscape.

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